The Ugly Truth About Best Buy's Earnings
Best Buy (NYS: BBY) has just reported missing EPS estimates by a staggering 75%, and its share price is down 31% overall this month. Is this a company not long for this world? In this video, Motley Fool analysts Blake Bos and Austin Smith take a closer look at just how bad the damage is. They discuss Best Buy's new CEO and his disappointment with the company's current position, and take a look at just how low the company's cash flow is compared with its debts. For Best Buy, this holiday season may be do or die.
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The article The Ugly Truth About Best Buy's Earnings originally appeared on Fool.com.Austin Smith has no positions in the stocks mentioned above. Blake Bos owns shares of RadioShack. The Motley Fool owns shares of Amazon.com, Best Buy, and RadioShack and is short RadioShack. Motley Fool newsletter services recommend Amazon.com and Best Buy. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.